Interest Rates Hit 2 Month Lows
Interest rates hit 2 month lows after the March job report was released on Friday. Job creation was much lower than expected and the job creation figure was the biggest drop off in over a year from the previous month.
Overall on the week – the Mortgage Backed Security (MBS) market closed up + 73 bps, helping push rates to their lowest levels in 2 months. So far this week we have seen a small pullback with the MBS market closing down -16 bps.
30 year fixed rates are now available at 3.625% paying .45 points (3.71% APR), and 3.75% paying 0 points (3.77% APR). 15 year fixed rates are now available at 2.875% paying .68 points (3.011% APR), and 2.99% paying 0 points (3.05% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**
It’s still a great time to lock in and take advantage of the lowest rates since January 2015.
For a free email mortgage quote, please answer questions on the right or go to
WWW.FREEMORTGAGEQUOTE.BIZ
Below are today’s interest rates. Have a great week!!
BEST VALUE OF THE WEEK:
30 Year Fixed at 3.75% paying 0 points
15 Year Fixed at 2.99% paying 0 points
TODAY’S INTEREST RATES:
30 year fixed: 3.625% – .48 points (3.71% APR), 3.75% – 0 points (3.77% APR)
20 year fixed: 3.375% – .91 points (3.557% APR), 3.5% – 0 points (3.67% APR)
15 year fixed: 2.875% – .68 points (3.011% APR), 2.99% – 0 points (3.05% APR)
10 year fixed: 2.75% – .58 points (2.86% APR), 2.875% – 0 points (2.89% APR)
5/1 ARM: 2.75% – .7 points (2.89% APR), 3.0% – 0 points (3.05% APR)
7/1 ARM: 2.875% – .74 points (3.023% APR), 3.125% – 0 points (3.17% APR)
30 year fixed FHA: 3.25% – .26 points (4.03% APR), 3.375% – 0 points (4.07% APR)
15 year fixed FHA: 2.75% – .4 points (3.13% APR), 2.875% – 0 points (3.175% APR)
30 year fixed VA: 3.25% – .51 points (3.35% APR), 3.375% – 0 points (3.4% APR)
Today’s Mortgage Interest Rates. Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado. Arizona Home Loans, California Home Loans, Colorado Home Loans. Arizona refinance, California refinance, Colorado refinance. Scottsdale, Arizona Mortgage Banker in McCormick Ranch. McCormick Ranch Loan Officer. Mortgage Rate Sheets for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 mortgages, HARP 3.0 mortgages, DU Refi Plus Mortgages, Freddie Mac Open Access Mortgages, Fannie Mae Home Path Mortgage, Freddie Mac Foreclosure Relief Mortgage, VA mortgages, VA Interest Rate Reduction Loans, FHA mortgages, FHA streamline refinance mortgages, Conforming mortgages, Conventional Mortgages, 100% Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinance, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages. April 7th 2015 30 year fixed rates, April 8th 2015 30 year fixed rates, April 9th 2015 30 year fixed rates, April 10th 2015 30 year fixed rates, April 11th 2015 30 year fixed rates, April 12th 2015 30 year fixed rates, April 13th 2015 30 year fixed rates.
Interest Rates Hit 2 Month Lows
